Project+ Extra 9 Flashcards
??? document that outlines guidelines for obtaining or purchasing work from outside sources. Specifies types of contracts used, process for obtaining and evaluating bids or proposals, and mandates standardized procurement documents that must be used, and explains how multiple providers will be managed. States how procurement activities will be coordinated w/other project management activities like scheduling and performance reporting.
Procurement Management Plan :
??? major project deliverables, life cycle phases, organizational or functional responsibility, geographical location.
WBS (major components of work grouped by) :
??? contains details about each element in WBS. Such as -> description of work, code of accounts, milestones, contract info, cost, quality requirements, resource requirements, time estimates, resource info for measuring performance and completeness.
WBS Dictionary :
Decomposition : technique for creating WBS by subdividing project work to work package level. Will help identify project work.
Code of Accounts : any system used for numbering elements in WBS. Allows for easy tracking of individual WBS components by PM. Helpful in performance, reporting, and costing.
Scope Baseline : Includes detailed project scope statement, WBS, and WBS dictionary.
info
??? project teams plan for starting and finishing activities on specific dates and in certain sequence. Specifies planned dates for meeting project milestones. Also used to track schedule performance and keep upper management and stakeholders informed of project status.
Project Schedule :
Float : amount of time activity can be delayed from Early Start w/o delaying project finish date or consecutive activities. Float occurs only in activities that are not on critical path. Float is also called slack. 2 types of float -> Total and Free.
Total Float : where total amount of time an activity requires can be delayed w/o delaying project finish date. Total Float can be calculated by subtracting its EF from its LF or its ES from its LS.
Free Float : amount of time activity can be delayed w/o delaying ES of any activity that immediately follows it. Free Float calculated ES - EF.
info
??? technique used to calculate theoretical early and last start and finish dates for all project activities which helps to create project schedule. This method also generates float or slack.
Schedule Network Analysis :
??? schedule network analysis method to consider resource limitations and adjust schedule as appropriate to work w/in those limitations. Analyzes Critical path alongside resources that are available. Used to plan and manage reserves or buffers and helps mitigate possible cost and schedule risks.
Critical Chain Method
??? consider different situations that may occur and influence schedule. Can compute different schedules based on potential delays or unplanned events. Outcomes are used to mitigate impact of unexpected situations when preparing risk response plans.
What-If Scenario analysis :
??? analyzes the schedule model; allows readjustment of work as appropriate so that people arent overly allocated. Can address scheduling activities when critical resources are only available at certain times. Done after CP has been initially identified. CP frequently changes as result of resource leveling.
Resource Leveling :
